Tender 886

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 6 July 2016. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 700
First Coupon Payment Due* 21 November 2016
First Coupon Payment Amount (per $100 face value) $1.125

*Coupons will be paid at half-yearly intervals thereafter.

Lodgement of Bids

Bids may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 10.45 am and 11.00 am Australian Eastern Standard Time on Wednesday, 6 July 2016.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 665KB | RTF 1.171MB] dated 4 March 2016.

Announcement of Results

The results of the tender are expected to be announced as soon as practicable after the closing time for the lodgement of bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Friday, 8 July 2016.

Last updated: 6 July 2016

Results

6 July 2016

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.0210
Coverage Ratio 3.5357
Lowest Yield Accepted (%) 2.0200
Highest Yield Accepted (%) 2.0225
Total Amount of All Bids Received ($million) 2,475
Total Number of Bids 43
Total Number of Successful Bids 8
Number of Bids Allocated in Full 2
Best Bid (%) 2.0200
Worst Bid (%) 2.0500
Weighted Average Bid (%) 2.0281
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 59.8

*Individual allotments may vary due to rounding.

Last updated: 6 July 2016